Toyota posts profit surge and lifts annual outlook as hybrid sales shine

The Straits Times · The Straits Times · 2026-11-05 08:33 UTC

The automaker saw its first profit gain in six quarters and the largest one-day gain since 1987. Read more at straitstimes.com.

- Toyota posted its first profit rise in six quarters and lifted its annual outlook by 15% to 3.9 trillion yen, helped by strong hybrid demand and a weaker yen.

- The carmaker is returning up to US$89 billion to shareholders over five years, which sent its Tokyo shares up more than 16%.

- Toyota's hybrids remain its strength against Chinese EV rivals, and the automaker plans a new robotics business as a future growth pillar and works to recover market share in China.

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